3 loans are all 5 years fixed interest only loan - Loan Modification Forum

tomser · 07-26-2009, 06:52 PM

3 loans are all 5 years fixed interest only loan

I have had 3 loans ( one primary two rental homes ) are all 5 years fixed interest only loan ( same lender) will be rest much higher rate coming in September.2009. I have never been able to reduce my principals
all 3 loans are refinanced with cash out and 2 of 3 homes are upside down (zillow) I may have to loan md but if rejected then foreclosure or short sales , walk away and or BK

what are the chances that it is worth while to investigae if predatory loan and need fronsic loan audit. Where I can find a reputable real estate attorney specializing these situation and what kind of money to be spent??

your comment or some giude line will be appreciated

besy wishes

tomser

steveherb · 07-27-2009, 06:51 AM

I'm just a client but this the best I found so far with out crazy high upfront fees and payment plans.
But this is an auditor not a realestate attorney

otisanddinga · 07-27-2009, 07:19 AM

tomser,

call fransen and molinaro!!!, if in california. obviously, this site is recommending them. good luck

07-26-2009, 06:52 PM	#1 (permalink)
tomser Senior Member Join Date: Dec 2008 Posts: 84 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	3 loans are all 5 years fixed interest only loan 3 loans are all 5 years fixed interest only loan I have had 3 loans ( one primary two rental homes ) are all 5 years fixed interest only loan ( same lender) will be rest much higher rate coming in September.2009. I have never been able to reduce my principals all 3 loans are refinanced with cash out and 2 of 3 homes are upside down (zillow) I may have to loan md but if rejected then foreclosure or short sales , walk away and or BK what are the chances that it is worth while to investigae if predatory loan and need fronsic loan audit. Where I can find a reputable real estate attorney specializing these situation and what kind of money to be spent?? your comment or some giude line will be appreciated besy wishes tomser

07-27-2009, 06:51 AM	#2 (permalink)
steveherb Member Join Date: Mar 2009 Posts: 5 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: 3 loans are all 5 years fixed interest only loan I'm just a client but this the best I found so far with out crazy high upfront fees and payment plans. But this is an auditor not a realestate attorney

07-27-2009, 07:19 AM	#3 (permalink)
otisanddinga Banned Join Date: May 2009 Posts: 84 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: 3 loans are all 5 years fixed interest only loan tomser, call fransen and molinaro!!!, if in california. obviously, this site is recommending them. good luck

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